MSFT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0043%/8h= +4.8% APRnext payment +$0.43 per $10,000 · paid last 24h +0.014%

Price spread now: Orderly against Paradex−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.028% cheaper against Paradex than usual: you would sell low and buy high (spread −0.028% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MSFT-USD-PERP	506.21	0.0057	pay 0.0057% / 8h	4h 48m	$223	—	5x
Short	Orderly PERP_MSFT_USDC_mythos	506.07	0.0100	get 0.0100% / 8h	4h 48m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee OrderlybpOrdersPrice spread, now −0.028%Rate

Funding earned: $9.13
Price spread: −0.028% → 0.000%: −$2.77
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$3.64
Costs to cover: 0.100%
Break-even: 9.8 days

Slippage unknown: Paradex: no order-book sample; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Paradex and Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSFT on 34 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX MSFTUSDC	−0.0869%	4h	506.43	+0.043%	$103K	$243K	10x	as long as short
Nado MSFT-PERP	−0.0053%	1h	506.25	+0.008%	$413K	$72K	20x	as long as short
BloFin MSFT-USDT	−0.0029%	8h	506.47	+0.051%	$203K	$224K	20x	as long as short
Deribit MSFT_USDC-PERPETUAL	−0.0027%	1h	506.04	−0.034%	$30K	$46K	10x	as long as short
Hotstuff MSFT-PERP	−0.0024%	1h	505.78	−0.085%	$33K	$8K	20x	as long as short
Coinbase International MSFT-PERP-INTX	−0.0008%	1h	505.85	−0.071%	$711K	$698K	10x	as long as short
Aster MSFTUSDT	0.0000%	8h	506.01	−0.039%	$166K	$117K	20x	as long as short
Extended MSFT_24_5-USD	0.0000%	1h	506.11	−0.020%	$326K	$2.0M	17x	as long as short
Binance MSFTUSDT	0.0000%	8h	506.24	+0.006%	$16.4M	$22.0M	20x	as long as short
Bybit MSFTUSDT	0.0000%	8h	506.02	−0.038%	$7.3M	$2.4M	100x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSFT_USDT	0.0000%	8h	505.99	−0.043%	$3.2M	$2.0M	100x	as long as short
Bitget MSFTUSDT	0.0000%	8h	506.21	0.000%	$4.0M	$3.2M	100x	as long as short
Variational Omni MSFT	0.0000%	8h	506.43	+0.043%	$1.3M	$418K	—	as long as short
GRVT MSFT_USDT_Perp	0.0000%	8h	506.51	+0.059%	$19K	$324K	10x	as long as short
SunX MSFT-USDT	0.0000%	8h	507.08	+0.172%	$6K	$3.4M	20x	as long as short
HTX MSFT-USDT	0.0000%	8h	506.59	+0.075%	$49K	$248K	20x	as long as short
Phemex MSFTUSDT	0.0000%	8h	506.61	+0.079%	$2.3M	$951K	10x	as long as short
Lighter MSFT	+0.0032%	1h	506.18	−0.006%	$1.2M	$506K	20x	as long as short
Lighter RH MSFT	+0.0032%	1h	506.18	−0.006%	$720K	$1.9M	20x	as long as short
QFEX MSFT-USD	+0.0038%	1h	506.17	−0.008%	$1.2M	$4.7M	10x	as long as short
Arcus MSFT-USD	+0.0040%	1h	505.99	−0.043%	$94K	$83K	10x	as long as short
tradeXYZ xyz:MSFT	+0.0043%	1h	505.96	−0.049%	$22.4M	$9.4M	20x	as long as short
Vest MSFT-USD-PERP	+0.0046%	1h	506.40	+0.037%	—	$1K	25x	as long as short
Phoenix MSFT	+0.0048%	1h	505.89	−0.063%	$11K	$16K	20x	as long as short
Polymarket Perps MSFT-USD	+0.0050%	1h	505.90	−0.061%	$320K	$674K	10x	as long as short
SoDEX MSFT-USD	+0.0050%	1h	506.02	−0.038%	$61K	$3K	10x	as long as short
Ondo Perps MSFT-USD.P	+0.0050%	1h	506.00	−0.042%	$525K	$430K	15x	as long as short
Paradex MSFT-USD-PERPlong	+0.0057%	8h	506.21	long leg	$223	—	5x
OKX MSFT-USDT-SWAP	+0.0064%	8h	506.47	+0.051%	$3.2M	$2.9M	20x	as long as short
KuCoin MSFTUSDTM	+0.0081%	8h	505.65	−0.111%	$1.6M	$290K	20x	as long as short
ApeX Omni MSFTUSDT	+0.0100%	1h	506.03	−0.036%	$161K	$7K	50x	as long as short
Orderly PERP_MSFT_USDC_mythosshort	+0.0100%	8h	506.07	−0.028%	$8K	—	10x
Aevo MSFT-PERP	+0.0104%	1h	505.15	−0.210%	$56	—	10x	as long as short
Injective MSFT/USDC PERP	+0.0220%	1h	506.25	+0.008%	$116K	$45K	30x	as long as short